By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The CapitalThe CapitalThe Capital
Notification Show More
Font ResizerAa
  • Home
  • News
    • Featured
      • Featured Profile
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Reading: A Billionaire’s Quest…Will Kachikwu Get President Buhari’s Good Graces for Reappointment?
Share
Font ResizerAa
The CapitalThe Capital
  • Home
  • News
  • Business
  • Politics
  • International
  • Entertainment
  • Lifestyle
  • Opinion
  • Sports
Search
  • Home
  • News
    • Featured
    • Top News
    • Top Stories
  • Business
    • Capital Market
    • Energy
    • Maritime
    • Inside Boardroom
  • Politics
  • International
  • Entertainment
    • Events
    • Highlife
  • Lifestyle
    • Society
  • Opinion
    • Guest Columnists
    • Interview
    • Special Features
    • Special Reports
  • Sports
Have an existing account? Sign In
Follow US
BusinessEntertainmentHomepageNews

A Billionaire’s Quest…Will Kachikwu Get President Buhari’s Good Graces for Reappointment?

May 24, 2019 1:47 pm
The Capital
Share
SHARE

Nature doesn’t use a one-size-fits-all approach; if it did, the prayers and hopes of Dr Ibe Kachikwu, the Minister of State for Petroleum Resources, to be retained in his position in the next administration of President Muhammadu Buhari would come to fruition. The reappointment of Godwin Emefiele for another term of five years as Governor of the Central Bank of Nigeria, CBN, has further heightened this aspiration.

Anybody in his shoes would hope so too considering that Kachikwu’s initial appointment as the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, was greeted with widespread appreciation and acceptance. When he was later elevated to his current post, Nigerians unanimously thought he was a round peg in a round hole, a perfect fit for the porous petroleum ministry.

While Kachikwu may have succeeded in virtually stamping out fuel scarcity from the lexicography of Nigerians, he may not have had it smooth running the ministry considering that President Buhari holds the substantive position of minister. Also, he was involved in a superiority battle with Dr Maikanti Baru, GMD of the NNPC. Like the proverbial cat and mouse, there is no love lost between the two eggheads.

Not too long ago, Kachikwu and Baru had a bitter falling out which climaxed with the leak of a memo he wrote to the President accusing Baru of among other things, insubordination and sharp practices, especially the unilateral award of a $25billion contract. Baru did not suffer fools gladly and he fired back with the same venom, saying the allegation was baseless and that he was answerable to the President and the Minister of Petroleum, not the Minister of State. Before the presidency waded in to thaw the ice, Nigerians had been fed with dirty details of happenings within the petroleum industry.

See also  Hard Time: Atiku Exits Intels, Accuses Buhari Of Killing Businesses

On the surface, both men are back on level terms but those who know say given a choice between them, Baru is far more preferred within the president’s inner circle to take over the position of Minister of Petroleum Resources which the president reportedly plans to relinquish. And which Kachikwu is not only eyeing but has been tapping his local and international contacts and connections to nick.

But will he be  fortunate ? The next few weeks would tell.

 

You Might Also Like

Police deny flouting Osinbajo’s directive on Deputy Commissioner
Arms deal: Linda Ikeji allegedly received 240 million naira
Breaking: Former Thisday Society Editor, Lanre Alfred, Releases New Book On Nigeria @60
$8.1bn Reparation: Judge Gives MTN, CBN More Time To Settle
Naira Sinks to 620 Against Pound, Euro Rises
Share This Article
Facebook Email Print

BREAKING: Africa’s Second Richest Billionaire, Abdulsamad Rabiu, Acquires Multi-Billion Naira Global 8000 Private Jet

Success has a way of announcing itself, and in the case of…

BREAKING: APC Releases List of Qualified Senatorial Candidates Ahead 2027

The All Progressives Congress (APC) has released the names of senatorial candidates…

“Sad News”: Tears as Okonjo-Iweala is Bereaved, Peter Obi Reacts

Prince Ikechukwu Okonjo, younger brother of Ngozi Okonjo-Iweala, the director-general (DG) of…

2027 Election: Atiku’s Running Mate Finally Revealed, 3 Names Emerge

Former Vice-President, Atiku Abubakar, is said to be weighing his options ahead…

Cheapest States to Buy Petrol As Prices Drop Following Fuel Supply From Local Refineries by Marketers. DETAILS EMERGE

JUST IN: Marketers Crash Petrol by Over N100, New Pump Prices Emerge Nationwide

The cost of importing petrol into Nigeria has dropped sharply following the…

Follow US

Find US on Social Medias
FacebookLike
XFollow
TelegramFollow
WhatsAppFollow

You Might Also Like

News

BREAKING: Fresh Crisis Looms in Rivers As Assembly Rejects Fubara’s Commissioner Nominees

March 10, 2026

JUST IN: NNPCL Announces New Date Port Harcourt Refinery To Kick Off Production

July 16, 2024

Frankly speaking! I Am the Owner of Ile Ife; I Can Rule Ife from My Palace if Allowed-Olugbo of Ugbo, Oba Frederick Akinruntan

August 29, 2016

Alleged Diezani bribe: EFCC re-arrests INEC officials

February 8, 2018

Categories

  • News
  • Homepage
  • Business
  • Politics
  • Top News
  • Highlife
  • Entertainment
  • Sports
  • Lifestyle
  • Inside Boardroom

About The Capital

We deliver premium coverage of business, politics, lifestyle, entertainment, and society stories shaping Nigeria and beyond. Through credible reporting, insightful features, and engaging digital storytelling, we keep readers informed on the people, trends, events, and conversations driving modern culture and public discourse.
Quick Links
  • About
  • Advertise
  • Contact

Connect with us on Social Media

Facebook X-twitter Whatsapp Envelope

Send us email: [email protected]

© thecapital.ng. All Rights Reserved. Designed by Semasir Connect.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?